Huge 28 Acres Auto Salvage And Towing Business
Location Virginia,United States
Asking Price Range $10.0M - $20.0M
Gross Revenues $5200000
Net Profit / Cash Flow $1700000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1979
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Description Huge 28 acres Auto salvage and towing business for sale. This is one of the largest and most profitable auto salvage yards in Virginia. It does a good Parts business and is one of the largest buyer and sellers of auto and metal scraps. It has a large towing business. A key processor of insurance auto auctions. Also does equipment auctions.
Asking Price $12,400,000.
Revenues $5,200,000.
Cash Flow $1,700,000.
Lease 28 acres with above purchase price appraised for $4.2 million.
Reason for Selling Ready to retire.
Number of Employees 15.
Payroll $40,000.
Licenses Salvage-Towing.
Hours 5 days 8 to 5 Saturday 9 to 1.
Building Size 3 buildings 10,000sf.
Utilities $1,200.
Equipment $900,000.
Inventory $800,000 included in asking price.
Comments They do a lot of towing for the police. They have their own scales, and 8 tow trucks in rotation. Get business from 3 states. There is room to add a shredder. Will pass environmental inspections. Proptery is increasing in value every year. This is also a great real estate investment. They handle hundreds of insurance cars and trucks.
Contact for more information on this Auto Salvage And Towing business for sale.
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